Roof-mounted solar panels can help you save money by offsetting much of your household electricity needs when installed correctly with adequate size. In addition, much of your solar costs can be offset with various solar rebates in NT. This includes feed-in tariffs, sending any additional power back into the grid. This article uncovers the rebates for northern territory solar power.
Key facts
- Darwin solar power systems can receive three types of government rebates, being feed-in tariffs, small-scale technology certificates, and home and business battery schemes
- On average, a medium-sized solar system costs around $8,000 before the government rebates
- Government rebates in the Northern Territories amount to around $3,000, depending on the size of your solar power system
- There are many benefits to solar installation in Darwin, one being the vast amount of sunshine the Northern Territories receive.
Which solar rebate NT programs can you qualify for?
There are three ways you can get money back after installing solar panels. These include the Small-scale technology certificates (STCs) offered by the federal government and sold through a fixed price clearing house and Feed-in Tariffs, which is the refunding energy sent back into the grid for excess power generation when it isn’t needed at home – all of which offer cash payments.
The federal government currently offers small-scale technology certificates (STCs) to homeowners and small business owners who invest in solar panels or hot water systems.
To be eligible, your system must have a capacity of less than 100kW with approved PV panel installation by an installed professional. You can also apply if you own some wind turbines and hydro systems like heat pumps that use renewable energy sources.
A feed-in tariff offers you the opportunity to get paid back for ‘excess’ energy that is produced and sent back into your grid. This amount, measured in cents per kilowatts hour (c/kWh), can be set by either state governments or retailers – though it’s important to keep this number small so as not to strain power grids. Your FiT rate depends largely on how much electricity we use. The payoff could decrease even further due to low production levels.
There are two main options when it comes to feed-in tariffs:
Gross FiTs: This option includes feeding all the energy you produce back into the grid, which you are paid for. You then pay for any electricity you use.
Net FiTs: You only feed the extra energy generated by your solar system to the grid. Your solar system will help pay for your bills.
Territory residents can apply for a grant of up to $6,000 to fund battery installation. The process is easy. The applicant must be the owner of their property and have either installed full solar panels or added batteries already on site – it doesn’t matter how many there are as long they met prerequisites like size limitations etc. Keep in mind if installing both types together only get one award per household/business establishment.
How much does a solar power system cost in NT
The price of your new solar system will vary depending on how big the installation is. Or, to put it another way – how many kiloWatts (kW) you choose to produce. It’s important to consider the separate installation cost, as well as maintenance, which you will need to attend to on a fairly regular basis.
The average cost of a 3kW system is over $5,000, a 5kW just under $8,000, a 6.6kW system under $9,000, and a 10kW solar system costs around $13,500. This does not include the final cost after receiving rebates.
Pros and cons of installing solar in the Northern Territories
- Luckily, Darwin receives the most sunshine in Australia, making it an ideal location to install solar panels.
- A “1-for-1” solar feed-in tariff is available in Darwin for systems up to 5kW with no monthly fees or installation costs.
- Homeowner may be able to receive credit equal to their retail price per kilowatt-hour back when they use the energy produced by a solar panel system.
Cons
- While you can receive various rebates for your solar system, the rebate costs are reducing every year, making solar installation in Darwin more expensive each year.
- The cost of installing a solar panel system is often quite high.
Frequently Asked Questions and Answers
Will there be a solar rebate in 2022?
NT Solar rebates have been reduced each year since 2017 as part of a planned phase-out. The last reduction will happen in January 2031. That means that government solar rebates in Darwin and the Northern Territories will still be available in 2022. These NT solar rebates include feed-in tariffs, home and business battery Schemes, and small-scale technology certificates. All in all, in 2022, you will be able to install and pay off your solar system in between three to five years.
Is solar worth it in Darwin?
The benefits of installing solar panels are many! You’ll be reducing your electricity bills with the help of a system that produces its power. Although installation costs may seem hefty at first, most customers still see savings within five years and continue making progress towards paying off their investment quickly as they use less grid sourced energy in homes or businesses to cover daily usage needs. In Darwin especially, sunshine is abundant, and you won’t have trouble making up the power and receiving tariffs
How much energy can you generate in a NT home?
The type of system you have installed and its location on your property will determine how much energy it produces. The output should be more focused on what size systems work best for the given situation. On average, a 1.5kW system produces 7kW per hour, a 3kW produces 14kW per hour, a 5kW system 23.6kW per hour, and a 10kW 47kW per hour.
Which is the cheapest solar installer in NT?
Your solar panels will be with you for at least twenty years, so it’s important to find a reliable and high-quality installer. Here are some tips on how: 1) Make sure that the company installing your system is CEC approved by checking their website or calling them up; 2) Find out what warranty period they offer in case anything goes wrong after installation–some installers only cover parts of houses while others give five-year guarantees against manufacturing defects on all installations 3) Ask customers whether this particular business has good customer service ratings online through reviews etc. because reputation matters too!.
How much does it cost to install solar panels in Darwin?
The average cost of solar panel installation in Darwin is between $5,000 to $8,000. In Darwin, the average household sequesters just over 18kWh of energy a day. If a home uses all of the power their solar system has generated, this can lead to a large saving of more than $2,000 each year in energy bills. With feed-in tariffs and other such NT government grants, you will be able to pay off your solar power system in over three years.